GENCO SHIPPING & TRADING's gross profit margin for the second quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing net income growth, but not when comparing revenue growth.

During the same period, stockholders' equity ("net worth") has increased by 5.26% from the same quarter last year.

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Income Statement

Q2 FY17

Q2 FY16

Net Sales ($mil)

45.37

31.87

EBITDA ($mil)

0.0

-14.64

EBIT ($mil)

-5.24

-33.28

Net Income ($mil)

-14.51

-110.66

Balance Sheet

Q2 FY17

Q2 FY16

Cash & Equiv. ($mil)

181.0

76.16

Total Assets ($mil)

1541.72

1530.39

Total Debt ($mil)

515.62

553.3

Equity ($mil)

1001.87

951.75

Profitability

Q2 FY17

Q2 FY16

Gross Profit Margin

5.25

-2.47

EBITDA Margin

0.0

-45.93

Operating Margin

-11.55

-104.41

Sales Turnover

0.11

0.09

Return on Assets

-5.36

-18.37

Return on Equity

-8.25

-29.55

Debt

Q2 FY17

Q2 FY16

Current Ratio

5.84

0.18

Debt/Capital

0.34

0.37

Interest Expense

7.56

7.01

Interest Coverage

-0.69

-4.74

Share Data

Q2 FY17

Q2 FY16

Shares outstanding (mil)

34.42

7.35

Div / share

0.0

0.0

EPS

-0.42

-15.3

Book value / share

29.11

129.41

Institutional Own %

n/a

n/a

Avg Daily Volume

99886.0

139525.0

Valuation

SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 0.38 indicates a significant discount versus the S&P 500 average of 3.03 and a discount versus the industry average of 0.99. The price-to-sales ratio is above the S&P 500 average and well above the industry average, indicating a premium. The valuation analysis reveals that, GENCO SHIPPING & TRADING seems to be trading at a premium to investment alternatives within the industry.

Price/Earnings

1

2

3

4

5

premium

discount

Price/Cash Flow

1

2

3

4

5

premium

discount

GNK NM

Peers 23.36

GNK NM

Peers 67.63

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

GNK's P/E is negative making this valuation measure meaningless.

Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

GNK's P/CF is negative making the measure meaningless.

Price/Projected Earnings

1

2

3

4

5

premium

discount

Price toEarnings/Growth

1

2

3

4

5

premium

discount

GNK 33.10

Peers 20.54

GNK NA

Peers 10.96

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.